Achema, Lithuania’s biggest fertiliser manufacturer based in Jonava, has announced it is stopping its plant as of September 1 due to high prices of natural gas, one of the key ingredients. For the time being, only the production of resins and technical gases will be maintained. “In the current market situation, most Western fertiliser producers…
A poll of economy experts and public figures has ranked Nerijus Maciulis, a chief economist at Swedbank, as the most influential person in Lithuania’s business. The ranking was published by Delfi.lt on August 24. Vidmantas Janulevicius, president of the Lithuanian Confederation of Industrialists, comes in second in the poll, followed by Arvydas Avulis, a businessman…
Lithuania will send two rotations of instructors to the United Kingdom to train Ukrainian troops there, Lithuanian Defence Minister Arvydas Anusauskas said on August 23. “I can confirm that Lithuania will send two rotations of 15 instructors each to the UK for the basic training of Ukrainian troops. This further increases Lithuania’s contribution to the…
There should be no problems with payments for the transit of Russian goods via Lithuania to Kaliningrad from September 1, Foreign Minister Gabrielius Lansbergis has said. “Based on the information I am aware of, settlement issues should be resolved,” Lansbergis told reporters at the Seimas on August 23. There are no sanctions on payments for…
Subsidising electricity and natural gas bills may cost the Lithuanian government between 500 million and a billion euros next year, according to Prime Minister Ingrida Simonyte. “No doubt, the government will limit that price hike, as it has done since July 1,” she said on August 23. “Next year’s budget is now being drafted and,…
The Bayraktar drone, crowdfunded by Lithuanians and handed over to Ukraine in July, is already carrying out combat tasks, Defence Minister Arvydas Anusauskas said on August 22. “The Bayraktar UAV Hawk about to perform combat tasks in Ukraine,” Anusauskas wrote on Facebook, posting a photo of the drone. “We cannot give more details, but it…
Lithuania produces three times less electricity than it consumes. One of Europe’s largest electricity generation deficits exacerbates the already soaring electricity prices, experts say. The origins of the issue – December 31, 2009, 22:54. That is when the second reactor of the Ignalina Nuclear Power Plant, which met 70% of Lithuania’s electricity need, was shut…